USD / JPY The pair has jumped by more than 1% on the decision of the Bank of Japan

On Friday, the dollar jumped more than 1% to a one-month high against the yen after the Bank of Japan surprised markets announcing the introduction of the policy of negative interest rates, while investors awaited the latest publication of the US data on the change in GDP in the fourth quarter.

At the end of the Asian trading session, the USD / JPY hit 121.40, the highest since December 21; the pair subsequently consolidated at 120.73, jumped 1.62%.

The pair was likely to receive support at 118.53, the session low and resistance at 121.55, the high of December 21.

At the end of the meeting to determine the monetary policy, which took place on Friday, the Bank of Japan said that makes the decision to reduce the interest rate to 0.1%, and noted that he intends to cut rates in the future if necessary.

The decision of the central bank was made in an attempt to reach the target of 2% inflation against the backdrop of concerns about the global economic slowdown and falling oil prices.

Meanwhile, investors track the release of the revised data, the US economic growth in the fourth quarter, expected later today, after the Federal Reserve failed to provide enough information about market rates of rate hikes.

On Wednesday, at the end of the two-day meeting on the definition of the Federal Reserve monetary policy to keep interest rates unchanged after its first increase in almost a decade in December.

The Central Bank said that the US economy remains the path of moderate growth with the continued strengthening of the labor market, even against the "gradual" recovery rate, however, has not brought any clarity about the pace of its growth.

The dollar weakened after the release of macroeconomic data on Thursday showing that the volume of outstanding transactions on home sales in the US rose last month, less than expected, while orders for durable goods fell in December much more than expected.

The yen was also sharply lower against the euro, with EUR / JPY jumped by 1.18% to 131.50.